Cathay Pacific records its best first half results since 2010, closes H1 with net profit of HK$4.26 billion

Cathay Pacific Airways has reported a net profit of HK$4.26 billion for the first half of 2023 reflecting a strong rebound from the HK$5 billion loss reported in H1 of 2022. The airline grappled with losses amounting to HK$33.7 billion over three years during the pandemic due to tough travel restrictions that grounded much of its fleet and forced the lay-off of thousands of employees as part of cost-cutting measures. As Hong Kong reopened its borders at the end of last year, Cathay has gradually increased flights amid strong travel demand. “The first half of 2023 has been a positive period